Adcore Stock Price, News & Analysis

Adcore Inc. (TSX:ADCO)(OTCQX:ADCOF) announced the signing of fourteen new clients in November and December 2021, with an aggregated estimated annual advertising budget of CAD$4.9M. The new clients span North America, EMEA, AUNZ, and Greater China. CEO Omri Brill highlighted the achievement of increasing client acquisitions during traditionally slower months. Approximately half of these budgets come from U.S. businesses, marking a key growth area for Adcore in 2022. The company emphasizes its focus on global expansion and anticipates a strong start for the year.

Adcore Inc. has launched the Effortless Marketing App for WooCommerce, enhancing e-commerce advertising capabilities for store owners. This app simplifies product promotion on platforms like Google, Facebook, and Microsoft, allowing for easy ad campaign management and performance tracking. Targeting nearly four million WooCommerce websites, the app offers customizable features and supports multiple currencies. CEO Omri Brill emphasizes this launch as a significant milestone for expanding Adcore's marketing solutions beyond Shopify, pursuing its vision for the Adcore Marketing Cloud.

Adcore Inc. has renewed its channel partner agreement with Microsoft for 2022, continuing its participation in the Microsoft Advertising Partner Program since July 2019. The company was elevated to Select Tier status in January 2021 due to its effective technological solutions. CEO Omri Brill emphasized the partnership's value in enhancing clients' market presence. Microsoft representatives acknowledged Adcore's growth and integration efforts. Established in 2006, Adcore is recognized for its digital marketing solutions and has multiple international offices.

Adcore Inc. (TSX:ADCO, OTCQX:ADCOF) will present at the SNN Network Canada Virtual Event 2021 on December 8, 2021, at 8:30 AM EST. CEO Omri Brill will lead the presentation and address investor questions. The event is designed to enhance Adcore's visibility in e-commerce advertising management. Attendees can access the presentation via this link. Registration for 1on1 meetings and event attendance is available on the SNN Network website.

Adcore reported a significant financial performance for Q3 2021, with total revenue skyrocketing 153% year-over-year to CAD$10.4 million, up from CAD$4.1 million in Q3 2020. For the nine-month period, revenue surged 180% to CAD$26.0 million compared to CAD$9.3 million in 2020. Adjusted EBITDA for Q3 was CAD$585,000, a decrease from CAD$925,000 in Q3 2020, while it increased 23% year-to-date. The company launched the Adcore Marketing Cloud and continues to grow its Amphy.com platform. Cash reserves increased to CAD$15.5 million, highlighting robust working capital growth.

Adcore Inc. (TSX:ADCO, OTCQX:ADCOF) has announced the acquisition of multiple new clients across EMEA, AUNZ, and Greater China, with an estimated annual advertising budget of CAD$4M. This development reflects continued growth and strong demand for Adcore's advertising management and automation platform. The company has also expanded its workforce by adding 10 new professionals since September 2021. CEO Omri Brill highlighted the importance of adapting digital marketing strategies for client growth, emphasizing Adcore's industry expertise and technology.

Adcore Inc. (ADCOF) is set to release its third quarter 2021 financial results on November 10, 2021, after market close. A conference call will follow on November 11, 2021, at 8:30 a.m. ET to discuss these results. The company, operating in e-commerce advertising and automation, emphasizes maximizing advertising ROI through its proprietary AI engine. With a strong industry presence, Adcore is recognized as a certified Google Premier Partner, Microsoft Partner, and more. Investors are encouraged to submit questions to management ahead of the call.

Adcore Inc. (TSX:ADCO)(OTCQX:ADCOF) announced a significant milestone with its subsidiary Amphy launching a social commerce feature, enhancing user engagement by allowing group class bookings at discounted rates. This feature positions Amphy as a leader in live online learning with over 1,000 classes available across 70 categories. CEO Omri Brill notes that this growth exceeds expectations and will foster community engagement among learners.

Adcore Inc. has established a wholly-owned subsidiary, Adcore US Inc., to expand its operations in the U.S. digital marketing sector, which is projected to reach $304 billion in ad spend by 2025. This move follows the company's recent commencement of trading on the OTCQX and obtaining DTC eligibility. CEO Omri Brill emphasized that the U.S. represents a significant growth opportunity and aims for increased activity in the market by Q4 2021. Adcore has rapidly expanded globally since going public and plans to leverage its digital marketing solutions for U.S. clients.